BSECompany Update3d ago · 21 Oct 2026, 10:32 pm

Pursuant to Regulation 30 of the SEBI Listing Regulations, we wish to inform you that the Company and the Kenya Revenue Authority have entered into a full and final settlement agreement in respect of the assessment pertaining to calendar years 2020 to 2023. Pursuant to the settlement, the demand as per order dated December 12, 2025 has been reduced from approx. INR 26.50 Crore (including interest and penalties) to approx. INR 2.66 Crore (only principal). ....

Sterling and Wilson Renewable Energy Ltd · 542760

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Sterling and Wilson Renewable Energy Ltd has entered into a full and final settlement agreement with the Kenya Revenue Authority, reducing the demand from approximately INR 26.50 Crore to INR 2.66 Crore. The settlement absolves the company from paying interest and penalties on payment of principal demand by December 25, 2026, and other compliances as per applicable law.

Analysis Scores

Earnings Impact8/10
Growth Catalyst2/10
Governance Concern1/10
Regulatory Risk6/10
Balance Sheet Risk1/10
Liquidity Impact9/10
Market Sentiment8/10

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Sterling and Wilson Renewable Energy Ltd - 542760 - Disclosure Of Information Under Regulation 30 Of The SEBI (Listing Obligations And Disclosure Requirements) Regulations, 2015

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October 21, 2026 BSE Limited National Stock Exchange of India Limited Phiroze Jeejeebhoy Towers Exchange Plaza Dalal Street Bandra Kurla Complex Mumbai – 400 001 Bandra (East), Mumbai – 400 051 Scrip Code: 542760 Symbol: SWSOLAR Sub.: Disclosure of information under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (“SEBI Listing Regulations”) Ref.: i. SEBI Circular No. SEBI/HO/CFD/CFD-PoD-2/P/CIR/2025/25 dated February 25, 2025 ii. Our Disclosure dated September 18, 2025 and December 15, 2025 Dear Sir/ Ma’am Pursuant to Regulation 30 of the SEBI Listing Regulations, we wish to inform you that the Company and the Kenya Revenue Authority have entered into a full and final settlement agreement in respect of the assessment pertaining to calendar years 2020 to 2023. Pursuant to the settlement, the demand as per order dated December 12, 2025 has been reduced from ~ INR 26.50 Crore (including interest and penalties) to ~ INR 2.66 Crore (only principal). Further, the settlement absolves the Company from paying interest and penalties on payment of principal demand by December 25, 2026 and other compliances as per applicable law. In respect of the captioned matter, I, the undersigned, state and declare that the information and details provided in Form A, in compliance with Regulation 30(13) of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, is true, correct and complete to the best of my knowledge and belief. Kindly take the same on record. Yours faithfully, For Sterling and Wilson Renewable Energy Limited Ajit Pratap Singh Chief Financial Officer Date: October 21, 2026 Place: Mumbai Email ID: ir@sterlingwilson.com Encl: As above Sterling and Wilson Renewable Energy Limited Regd. Office: Universal Majestic, 9th Floor, P. L. Lokhande Marg, Chembur (W), Mumbai - 400043 Phone: (91-22) 25485300 | Fax: (91-22) 25485331 | CIN: L74999MH2017PLC292281 Email: info@sterlingwilson.com | Website: www.sterlingandwilsonre.com Form A Disclosure by Sterling and Wilson Renewable Energy Limited regarding receipt of communication from regulatory, statutory, enforcement or judicial authority under the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 Sr. Particulars Details 1 Name of the listed company Sterling and Wilson Renewable Energy Limited (“the Company”) 2 Type of communication received Settlement Agreement 3 Date of receipt of communication October 21, 2026 4 Authority from whom communication Kenya Revenue Authorities (“KRA”) received 5 Brief summary of the material contents of The Company and the KRA have entered into a full the communication received, including and final settlement agreement whereby the demand reasons for receipt of the communication as per order dated December 12, 2025 amounting to ~ INR 26.50 Crore (including interest and penalties) is reduced to INR 2.66 Crore (only principal). This is mainly due to lower attribution of the profits to Kenya Branch. The settlement absolves the Company from paying interest and penalties on payment of principal demand by December 25, 2026 and other compliances as per applicable law. 6 Period for which communication would January 01, 2020 to December 31, 2023 be applicable, if stated 7 Expected financial implications on the ~ INR 2.66 Crore listed company, if any 8 Details of any aberrations/ non- Nil compliances identified by the authority in the communication 9 Details of any penalty or restriction or Nil sanction imposed pursuant to the communication 10 Action(s) taken by listed company with The Company will be making payments as per the respect to the communication agreed payment terms in the settlement agreement. 11 Any other relevant information - Sterling and Wilson Renewable Energy Limited Regd. Office: Universal Majestic, 9th Floor, P. L. Lokhande Marg, Chembur (W), Mumbai - 400043 Phone: (91-22) 25485300 | Fax: (91-22) 25485331 | CIN: L74999MH2017PLC292281 Email: info@sterlingwilson.com | Website: www.sterlingandwilsonre.com